Question
Answer the following question briefly PART A and PART B and Prepare a cost sheet using the information from part A and calculate the profit
Answer the following question briefly PART A and PART B and Prepare a cost sheet using the information from part A and calculate the profit of Al-Marai Company.
PART A)
a) Explain the nature of the Al-Marai Company and various cost related to production of your Business. Classify all the elements in direct and indirect category along with the number of employees or labours for production and other departments.
b) Show the breakup of all Al-Marai expenses under each category, Material,Labour, Overhead(maximum of 5 and minimum of 3)
c) Mention the opening and closing of (Raw material, semi-finished goods and finished goods of Al-Marai Company
PART B:
a) Prepare a cost sheet using the information from part A and calculate the profit of Al-Marai Company.
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